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Republic of Korea - Tennis, Badminton Or Similar Rackets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Tennis and Badminton Rackets in South Korea - 2022
Contents:
- Price for Tennis and Badminton Rackets in South Korea (CIF) - 2022
- Price for Tennis and Badminton Rackets in South Korea (FOB) - 2022
- Imports of Tennis and Badminton Rackets in South Korea
- Exports of Tennis and Badminton Rackets in South Korea
Price for Tennis and Badminton Rackets in South Korea (CIF) - 2022
In December 2022, the average tennis and badminton rackets import price amounted to $20.5 per unit, remaining relatively unchanged against the previous month. In general, import price indicated a resilient increase from December 2021 to December 2022: its price increased at an average monthly rate of +8.7% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, tennis and badminton rackets import price increased by +11.5% against October 2022 indices. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 158% month-to-month. Over the period under review, average import prices hit record highs at $20.7 per unit in April 2022; however, from May 2022 to December 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In December 2022, the country with the highest price was China ($21.1 per unit), while the price for Taiwan (Chinese) ($17.4 per unit) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+10.0%), while the prices for the other major suppliers experienced a decline.
Price for Tennis and Badminton Rackets in South Korea (FOB) - 2022
The average tennis and badminton rackets export price stood at $23 per unit in 2022, surging by 56% against the previous year. In general, the export price posted temperate growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 224% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($91 per unit), while the average price for exports to the Philippines ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sri Lanka (+184.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tennis and Badminton Rackets in South Korea
Tennis and badminton rackets imports into South Korea skyrocketed to 3.2M units in 2022, jumping by 89% against 2021 figures. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, tennis and badminton rackets imports surged to $18M in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at $18M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Tennis and Badminton Rackets in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 13.4 | 8.5 | 9.0 | 11.4 | -5.2% |
Hong Kong SAR | 0.1 | 0.1 | 0.1 | 2.4 | 188.4% |
Japan | 2.4 | 2.2 | 1.0 | 2.2 | -2.9% |
Taiwan (Chinese) | 1.7 | 0.9 | 0.3 | 0.9 | -19.1% |
Others | 0.8 | 0.6 | 0.8 | 1.2 | 14.5% |
Total | 18.4 | 12.3 | 11.1 | 18.1 | -0.5% |
Top Suppliers of Tennis and Badminton Rackets to South Korea in 2022:
- China (2457.6K units)
- Hong Kong SAR (345.2K units)
- Japan (231.2K units)
- Taiwan (Chinese) (66.7K units)
Exports of Tennis and Badminton Rackets in South Korea
In 2022, exports of tennis, badminton or similar rackets from South Korea contracted significantly to 2.4K units, declining by -73.6% against the previous year's figure. Over the period under review, exports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 88% against the previous year. As a result, the exports attained the peak of 9.2K units, and then dropped dramatically in the following year.
In value terms, tennis and badminton rackets exports declined significantly to $57K in 2022. In general, exports showed a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 98% against the previous year. As a result, the exports reached the peak of $138K, and then shrank notably in the following year.
Export of Tennis and Badminton Rackets in South Korea (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 19.6 | 16.5 | 32.4 | 18.8 | -1.4% |
Vietnam | 29.7 | 17.3 | 20.8 | 6.6 | -39.4% |
United States | 11.9 | 3.3 | 44.8 | 6.2 | -19.5% |
Hong Kong SAR | 12.8 | 4.8 | 1.6 | 3.2 | -37.0% |
Singapore | 7.5 | 10.1 | 6.4 | 2.8 | -28.0% |
Taiwan (Chinese) | 2.9 | 1.9 | 3.0 | 1.6 | -18.0% |
Malaysia | 1.8 | 1.2 | 2.6 | 1.3 | -10.3% |
United Kingdom | N/A | N/A | N/A | 1.2 | 0% |
Philippines | 4.3 | 2.0 | 1.2 | N/A | -47.2% |
Others | 15.0 | 12.5 | 24.8 | 15.1 | 0.2% |
Total | 106 | 69.6 | 138 | 56.8 | -18.8% |
Top Export Markets for Tennis and Badminton Rackets from South Korea in 2022:
- United States (1031.0 units)
- Malaysia (449.0 units)
- China (222.0 units)
- Vietnam (193.0 units)
- United Kingdom (67.0 units)
- Singapore (55.0 units)
- Taiwan (Chinese) (43.0 units)
- Hong Kong SAR (35.0 units)
- Philippines (24.0 units)
This report provides an in-depth analysis of the market for tennis and badminton rackets in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32301560 - Tennis, badminton or similar rackets, whether or not strung
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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